March 23, 2023

A New York developer that made a splashy entrance in Tampa Bay wants to buy and redevelop Bradenton City Hall.
Red Apple Real Estate, helmed by billionaire John Catsimatidis, is among five development teams bidding on the property — 4 acres on a prime piece of waterfront real estate overlooking the Manatee River. Red Apple is behind The Residences at 400 Central in downtown St. Petersburg, which will be the tallest building on Florida’s West Coast at 46 stories.
The city received two unsolicited offers from developers wanting to buy the property in January, which sparked an open-bid process for city-owned land. City council plans to host multiple community meetings to get feedback on the five submitted proposals before choosing a development proposal. The city currently owns property on 14th Street West, which could be used as the future site for city hall.  
Here’s what developers bidding on the property envision for the site.
Red Apple Real Estate
Red Apple Real Estate has proposed at least 240 residential units on the property with a parking garage that serves both residents and the city and ground floor retail. The developer has offered the city $12.75 million for the site.
The proposal said the group may seek additional density contingent on city council approval but will build at least 240 residences.
Red Apple views Bradenton as “one of Florida’s most attractive cities, a center of commerce and a destination for arts and culture, waterfront recreation, dining and heritage tourism.” 
L&L Development Group and NDC Construction Co.
This development team has proposed a mixed-use development with 25,000 square feet of retail, a 130-key Marriott AC hotel, approximately 100 condominium units and 350 apartments. They have offered $14.1 million for the site.
The proposal shows plans to build a garage with 780 parking spaces. The 20-story project will be named The Vias at Bradenton, and residents will have access to multiple pools, a fitness center and a large central courtyard, among other amenities.
A coworking space on 10th Street is also planned to “further activate the downtown area.”
941 Prime Development
Led by Anna Maria Island developer Shawn Koleta, 941 Prime Development has proposed a mixed-use project with a 375,000-square-foot hotel, a 375,000-square-foot condominium, 125,000 square feet of office space and 125,000 square feet of commercial/retail/restaurant space.
The developer’s offer is $1 million above the highest bona fide offer for the site, with a minimum bid of $10.46 million.
According to the proposal, they will pursue hotel operators that are “not presently in the market with well-known credentials for luxurious accommodations and service.”
The condominium will be marketed by Michael Saunders and Co. The project will have on-site amenities like a bodega-style grocery, restaurants and cafes and local retail.
The office space could be designed to house city hall functions if the city wants to return to the site.
Opulence Realty Group
Led by Sarasota developers Linda Svenson, Bill Manfull, Sabrina Peyton-Turner and Shelly Schinzel, this group is proposing building a mixed-use project with commercial on the lower level and condominiums and a hotel on the upper levels.
They have offered $13.5 million for the site.
The proposal includes plans for retail, office space and a restaurant on the ground floor with a hotel and condos above. The developer intends to have either offsite parking for residents, including a valet service or on-site parking at the rear of the building.
This proposal plans to designate a percentage of the residential for workforce housing.
Silver Hills Development and Edwards Communities Development Cos.
This proposal entails building an eight-story mixed-use project with 350 apartments. The developer has offered $11.6 million for the site.
The proposal includes a multilevel parking garage. The plans call for a mix of studio to three-bedroom apartments, and the property will have two large, landscaped courtyards that feature a pool, hammocks, grills and private yards for residents. Other amenities include a 7,500-square-foot clubhouse with a fitness center, business center, media lounge, pet spa and dog run.
© 2022 American City Business Journals. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated January 1, 2021) and Privacy Policy and Cookie Statement (updated July 1, 2022). The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals.


Leave a Reply